Companies are in the middle of an employee turnover tsunami spurred by the Covid-19 pandemic. In the US alone, 4 million people quit their jobs in early 2021, creating economic instability across the country. That’s not all; a survey of 31,000 global workers conducted by Microsoft revealed that 41% of people are considering leaving their current company, indicating a possibility that the popular economic trend “Great Resignation’’ is here to continue even in 2022. 

The recent Uber hack, where hackers breached into the business-critical system of the ride-hailing and food delivery company, Uber, exposed how vulnerable businesses are to cyber-attacks. The breach compromised Uber’s internal systems and even prohibited employees’ access to internal tools like Slack and G Suite.  

According to a recent report by Korn Ferry, the global skills gap is worth $8.5 trillion, with an estimated talent deficit of 85 million workers by 2030. The brewing talent shortage is a real corporate concern, with 87% of HR managers and L&D leaders agreeing to have experienced a skills gap within their organization or are expecting the same in the next five years, as revealed in a recent McKinsey Global Survey. However, this widening gap is not a people gap. While there are a lot of job seekers out there, what comes as a shocking fact is that companies are still struggling to close open positions, especially in the tech team.